The practice of shielding one or more sectors of a country's economy from foreign competition through the use of tariffs or quotas is referred to as
A)domestic imperialism.
B)protectionism.
C)blocked competition.
D)the rule of proprietary domain.
E)proportionality.

Question

Quizplus · Accepted Answer

The practice described is referred to as protectionism, which involves the use of trade barriers such as tariffs and quotas to restrict imports in order to protect domestic industries from foreign competition.

The Practice of Shielding One or More Sectors of a Country's